10 E Veterans Memorial Hwy - Showroom FOR SALE


Kasson, MN 55944
$395,000 USD
507-251-3940
10 E Veterans Memorial Hwy, Kasson, MN for Sale
$395,000 USD
Showroom - FOR SALE
1/19
null | Request Cap Rate

10 E Veterans Memorial Hwy
Kasson, MN 55944


HIGHLIGHTS

  • Very Good Visibility from new roundabout at MN Hwy 57 and Dodge Co. 34
  • Adjacent to US Post office, across the street from Bremer bank to the west & 2 other banks within walking distance.
  • Traffic count about 12,000 to 14,000 cars per day. Confirmed on MNDOT traffic study web site.
  • Many other businesses within walking distance.

OVERVIEW

1/3 of the building is recently renovated, the remaining 2/3 of the building is under renovation Building size approximately 3,500 sq ft. steel insulated, about ¼ of building with long trench floor drains. that ¼ also has in-floor-heat tubes stubbed in but slab floor heating boiler has been removed. Ceiling height 9 ft., insulated commercial overhead door. Forced air heat & air conditioning, includes men's & women's handicapped accessible restrooms. Women's restrooms has shower. Currently has 2 offices with windows, refinished walls & floors in those offices & a finished conference room/ office: Office #1 ~ 12 x 10 Office #2 ~ 21 x 12 Conference room #1 ~ 16x 12 Showroom floor #1 ~ 20 x 16 Dry detail area #1 ~ 27 x 20 Wet detail area #1 ~ 42 x 20 Storage area #1 ~ 26 x 14 Storage/entry #1 ~ 19 x 13 Mens room ~ 15 x 7 Womens room ~ 10 x 7 Utility room ~ 15 x 6 Kitchenette area ~ 14 x 6 The large rooms are easily re-configurable as there are no load bearing walls inside the structure. Current & Future plans: Continue renovation as tenants are added. Open multiple businesses, lease office, retail, commercial, storage, or warehouse space. Patch, refinish & paint walls. Replace suspended & missing ceilings where necessary in the larger rooms. Refinish existing divider doors between existing rooms. Improvements being made to parking lot & interior floors. 1500 SF of refinished interior floors. Installed carpet in the offices & conference room. Continuous improvements & maintenance to facility. High-efficiency furnace. LED lighting. Building is owner occupied & has 5 tenants leasing offices with staggered 1 year leases. Investment opportunity with positive cash flow. Great office spaces for auto dealership, auto repair, or general retail.

FOR SALE DETAILS

PRICE

$395,000 USD

PRICE/SF

$113 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Davidsons Developments Corp. office bldg

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Showroom

ADD'L SUBTYPES

Auto Dealership, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

UTILITIES

Lighting - Fluorescent, Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

9.25 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.24

LAND SF

10,454

ZONING

Commercial

APN/PARCEL ID

24.100.5540

ASK ABOUT THIS PROPERTY

Dave DrippsDave DrippsMore Info
507-251-3940

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Dave DrippsDave DrippsMore Info
507-251-3940

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.